Energy is essential for human society’s progress. Economic expansion and improving access to energy enable longer, more productive lives for the growing global population.
Policy. Technology. Consumer preferences. All three impact how the world uses energy. Each driver influences the other and changes over time, with variances by region and political climate.
Energy – in all its forms – enables growth and prosperity. As economies grow, as technology advances, as consumers become more environmentally aware, and as policies adapt, global energy demand will evolve to meet changing needs.
Providing reliable, affordable energy to support prosperity and enhance living standards is coupled with the need to do so in ways that reduce impacts on the environment, including the risks of climate change. This is society’s dual challenge and ExxonMobil takes it seriously.
Energy matters
With the world’s population estimated to reach more than 9 billion people in 2040, providing enough affordable energy to help improve global living standards is a significant challenge. We expect that continued progress, powered by human ingenuity and technology, will help make better lives possible, while appropriately addressing climate risks.
Many uncertainties exist concerning the future of energy demand and supply, including potential actions that societies may take to address the risks of climate change.
Outlook for Energy Report
PDF / 2.75 MB
How we develop our Outlook
Throughout the process, we monitor changes in technology, such as cost decreases for solar panels, improvements in battery technology and advances in well completion technology for tight oil. We also follow policy developments, such as adopted policies and ambitions formulated in context of the Paris Agreement, the European Union’s recently adopted tailpipe emissions regulations and China’s ‘blue sky’ policies.
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